This table shows how much of your foreign superannuation withdrawal is taxable based on how long you’ve had it. The table has two columns: one for the schedule year and one for the schedule year fraction.
The schedule year goes from 1 to 26 or more, and the schedule year fraction is shown as a percentage. For example, in year 1, only 4.76% of your withdrawal is taxable. This percentage increases each year.
By year 26 or more, 100% of your withdrawal is taxable. This means that the longer you’ve had your foreign superannuation, the more of it will be taxed when you withdraw it.
This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.
View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM6038804.
Schedule 32: Recipients of charitable or other public benefit gifts, or
“List of approved charities that can receive tax-deductible donations for overseas work”
Schedule 34: Community housing trusts and companies: income and assets of beneficiaries and clients, or
“Income and property limits for community housing assistance”
|
Column 1 schedule year |
Column 2 schedule year fraction (%) |
|---|---|
| 1 | 4.76 |
| 2 | 9.45 |
| 3 | 14.06 |
| 4 | 18.60 |
| 5 | 23.07 |
| 6 | 27.47 |
| 7 | 31.80 |
| 8 | 36.06 |
| 9 | 40.26 |
| 10 | 44.39 |
| 11 | 48.45 |
| 12 | 52.45 |
| 13 | 56.39 |
| 14 | 60.27 |
| 15 | 64.08 |
| 16 | 67.84 |
| 17 | 71.53 |
| 18 | 75.17 |
| 19 | 78.75 |
| 20 | 82.28 |
| 21 | 85.74 |
| 22 | 89.16 |
| 23 | 92.58 |
| 24 | 95.83 |
| 25 | 99.08 |
| 26 or more | 100.00 |
